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Valve Controller Market By Type (Digital and Traditional), Communication Protocol (FOUNDATION Fieldbus, HART, PROFIBUS, and Others), Material (Cast Iron, Stainless Steel, Cryogenic, Alloy Based, and Others), and End User (Food & Beverages, Water & Waste Water Treatment, Oil & Gas, Energy & Power, Pharmaceutical & Healthcare, Metals & Mining, Pulp & Paper, Building & Construction, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09511
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Aug 2021 | 505 Views
 
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Valve Controller Market Outlook – 2027 

A valve controller is used to keep the regulated process variable as close as possible to the desired set point and also for manipulating the flow of gases, fluids, water, steam and others to compensate for the load disturbance. They help in improving the overall performance of the process by enhancing productivity and reliability and thus are the most important part of any process control loop. 

Therefore, they find their applications in the industries such as food and beverage, water and waste water treatment, oil and gas, energy and power, pharmaceutical and healthcare, metals and mining, pulp and paper, building and construction and others. Innovations in the electronic systems industry will pave the way for better valve controllers. The global market is experiencing a significant growth, and will grow considerably in next few years.

The global valve controller market is segmented on the basis of type, communication protocol, material, end user, and region. Based on type, the valve controller market is bifurcated into digital and traditional. In terms of communication protocol, the market is categorized into FOUNDATION Fieldbus, HART, PROFIBUS, and others. On the basis of material, the market is divided into cast iron, stainless steel, cryogenic, alloy based, and others. 

In terms of end user, the market is segregated into food & beverages, water & waste water treatment, oil & gas, energy & power, pharmaceutical & healthcare, metals & mining, pulp & paper, building & construction, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East and Africa (LAMEA).

Key players operating in the global valve controller industry include CIRCOR International, Emerson, ABB, CLA-VAL, Schneider Electric, SMC Corporation, Dymax Corporation, Samson Controls, Tokyo Keiki, Siemens and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers and acquisitions, and joint ventures to strengthen their foothold in the global market. 

Top Impacting Factors 

The major factors which drive the valve controller market growth are the increasing demand from the end user industries such as oil and gas, energy and power and water and waste water treatment industries.

The need for valve replacement and the adoption of smart valves due to the introduction of IIoT and Industry 4.0 are the other factors fueling the market growth. However, increase in collaborations by major industry players may hinder the market growth. Moreover, increasing need for power and energy across the globe and high-temperature, high pressure and adverse corrosion conditions faced by refineries and production plants will drive the market further.  

New Product Launches to Flourish the Market

A new MSV-100 valve controller was launched by DFT Inc. recently. It has a straight –through Venturi design that provides rugged reliability and can handle high pressure drops which is beneficial for use in medium services liquid, gas, and steam flanged applications. It is available in various sizes ranging from 1” to 4” and in alloy steel, carbon steel and stainless steel. This product minimizes downtime, maintenance and ownership costs. Thus, this new product flourished the market. 

Surge in Usage in Chemical Industry 

Chemical industry has to deal with molten slurry, abrasive silica, corrosive attacks, liquefied wax, and fugitive emissions. Thus there is a need for usage of valve controllers in this industry for improving the performance of processes and ensuring staff safety and process integrity. It also helps in enhancing profitability by improving the volume and rate at which the plant can produce products. These are used in plant on a large scale s to improve its safety, support valves in accurate positioning and improve performance. Thus, there is surge in the demand and usage of Valve controllers in chemical industry.

Key Benefits of the Report

  • This study presents the analytical depiction of the global valve controller market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global valve controller market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the global valve controller market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers and suppliers in the market. 
  • The report provides a detailed global valve controller market analysis based on competitive intensity and how the competition will take shape in coming years. 

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available For Years

2019–2027

Base Year Considered

2019

Forecast Period

2020–2027

Forecast Units

Value (USD)

Segments Covered

Type, Communication Protocol, Material, End User, and Region

Regions Covered

North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, and Rest of Asia-Pacific), and LAMEA (Latin America, and Middle East, and Africa) 

Companies Covered

CIRCOR International, Emerson, ABB, CLA-VAL, Schneider Electric, SMC Corporation, Dymax Corporation, Samson Controls, Tokyo Keiki, Siemens and Others

 

COVID-19 Scenario Analysis

  • Global valve controller market has been significantly impacted by the COVID-19 outbreak. New projects throughout the world have stalled, which, in turn, have led to decline in demand for analog semiconductors. 
  • Global factories have struggled to integrate new valve controllers as workers have stayed in their homes, which disrupted the global supply chains. 
  • The impact of COVID-19 on this market is temporary as just the production and supply chain is stalled. Once the situation improves, production, supply chains, and demand for valve controllers are gradually going to increase.  
  • This COVID-19 lockdown would help companies think about more advanced valve controllers to enhance efficiency.

Valve Controller Market Key Segments

Segments

Sub-Segments

Type

  • Digital
  • Traditional

Communication Protocol

  • FOUNDATION Fieldbus
  • HART
  • PROFIBUS
  • Others

Material

  • Cast Iron
  • Stainless Steel
  • Cryogenic
  • Alloy Based
  • Others

End User

  • Food and Beverages
  • Water and Waste Water Treatment
  • Oil and Gas
  • Energy and Power
  • Pharmaceutical and Healthcare
  • Metals and Mining
  • Pulp and Paper
  • Building and Construction
  • Others

 

Questions Answered in the Valve Controller Market Research Report

  • Which are the leading market players active in the valve controller market?
  • What would be the detailed impact of COVID-19 on the valve controller market size?
  • How current valve controller market trends would influence the industry in the next few years?
  • What are the driving factors, restraints, and opportunities in the global market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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